$1000+ Rental in Indianapolis for $71K (B-Grade Prop)

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$1000+ Rental in Indianapolis for $71K (B-Grade Prop)

Wholesaler · Indianapolis, IN · Member since 2016 · 75 posts · 13 votes

2443 SILVER LANE DR INDIANAPOLIS, IN 46203

The home is on the far east side of Indy in Warren township school district, just north of Beech Grove by Glenroy Village. The immediate area has low turn-over, but there are a handful of recent comparable sales between $110,000 and $130,000.

The windows, roof and siding have all been updated in recent years, and an occupant just moved out with all of the mechanicals working well.

The only real work needed is cosmetics and upgrades. Check out the pictures here...

This home will appeal to tenants with extra space in the dry basement, and a detached garage. Depending on the updates completed, this property will fetch $1000 or more in rent.

This cash flow property will work very well for you if you are looking for something nicer than the normal C grade rental props sold in Indy, but cheaper than the new vinyl box suburb homes.

The main details are:

  • $1000+ per month rental
  • 2 bed, 1 full bath 1056 square foot
  • Detached garage
  • Warren township schools
  • Dry full basement foundation
  • Year built 1961
  • Assessed value $89,300
  • Current annual tax $1189 
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